TEHRAN. - The Iranian government is considering extending the oil embargo imposed on France and Britain to other European countries, reported Monday a semi-official Iranian news agency.
The director of the National Iranian Oil Compan, Qalehbani Ahmad said, according to the Mehr report that Tehran could halt oil exports to European Union members who have "hostile acts" against Iran.
Qalehbani estimated that oil prices could exceed $ 150 a barrel, without specifying when.
Oil prices rose Monday to its highest level in nine months to $ 105 a barrel Monday in Asia after Iran announced it would halt exports to France and Britain.
Tehran applied preventive cuts in response to European Union sanctions imposed, to take effect in July, to pressure the Iranian government over its controversial nuclear program.
Source: www.noticias.aollatino.comÂ
